Gary Kasabyan & David Tovmasyan Acquire Industrial Property In Sun Valley For $4.2M
SOLD
California
See Similar DealsIndustrial10,324 SF
Sold 12/30/2022
SOLD
Gary Kasabyan & David Tovmasyan Acquire Industrial Property In Sun Valley For $4.2M
7400 San Fernando Road
See Similar DealsIndustrial10,324 SF
Sold 12/30/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$406
Total Square Footage:10,324 SF
Transaction Type:Sale
The industrial property located at 7400 San Fernando Road in Sun Valley has been sold for $4,200,000. The property spans a total of 10,324 square feet, resulting in a price per square foot of $407. The transaction took place on 12/30/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Address: 7400 San Fernando Road
- Market: Sun Valley
- Square Footage: 10,324
- Price per Square Foot: $407
The buyers of the property are Gary Kasabyan and David Tovmasyan. The seller of the property is Randall Parks. Blas Fernandez from Blas Property Group represented Gary Kasabyan and David Tovmasyan as their buyer's representative.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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